Engineering Economics and Project Evaluation. ((3 Credits))

Catalog description

Prerequisite(s): Acceptance into Master of Science in Engineering and Technology Management program or approval of graduate program director Presents concepts, methods, and tools of economic analysis and managerial decision-making from a cash flow perspective. Emphasizes the time value of money, present worth analysis, annual equivalent worth, rate of return, depreciation, and inflation analyses. Covers the evaluation of projects, and comparison and selection among alternatives addressed. Interprets general accounting principles and basic financial analysis.